flat for now, with an outlook of flat...

Published 15 July 2012Industry analyst & economic forecaster BIS Shrapnelsaid last week Australian retail turnover wouldn’t grow this decade to the level it reached during “the golden age” that ran from the mid-1990s until the global financial crisis began 5 years ago.

“That halcyon era was the result of a debt-fuelled spending surge by consumers, but today’s market faces significantly lower rates of turnover growth,” senior project manager Maria Lee said in the report on the Australian retail property sector, Retail property market forecasts & strategies 2012-22.